We can see this pair has bounced off the support zone in the 1.792 area,we can expect this pair to rise to the next resistance located in the 1.806 area.
The pair is also under the 50 EMA but close to rising above it.
if this pair breaks the black line drawn at 1.8016 we can expect this pair to continue upwards otherwise it will indicate to us that we can sell.
This is a simple analysis of what can happen to this pair this week, when the above statements happen i will update whether we are going to buy or sell.
Please leave a like and comment your expectations of whats going to happen.
The pair is also under the 50 EMA but close to rising above it.
if this pair breaks the black line drawn at 1.8016 we can expect this pair to continue upwards otherwise it will indicate to us that we can sell.
This is a simple analysis of what can happen to this pair this week, when the above statements happen i will update whether we are going to buy or sell.
Please leave a like and comment your expectations of whats going to happen.
Trade closed: target reached